- Lead Edge Capital recently announced it closed Fund VI – which was oversubscribed – with over $1.95 billion of commitments. These are the details.
Lead Edge Capital, a technology-focused growth stage investment fund, recently announced the closing of Fund VI. The new fund was oversubscribed with over $1.95 billion of commitments from Lead Edge’s expansive network of over 500 limited partners and institutions.
LEC will target making equity investments of between $15 million and $200 million per portfolio company from Fund VI and continues a focus on investing primarily in private companies with a flexible mandate that also enables public company investments. And the addition of Fund VI brings the firm’s total capital raised since inception to $5 billion.
An investor in companies like Toast, Alibaba Group, Delivery Hero, Duo Security, Grafana, Spotify, Benchling, and Wise, LEC invests in growth-stage software, internet, consumer, and tech-enabled service businesses globally. And LEC has participated in recent notable funding rounds for companies like Workiz, LaunchDarkly, ID.me, Material Bank, Hinge Health, Copado, SafeSend, Yousign, and more.
Since being founded in 2009, the firm has had over 50 exits with recent liquidity events including FIGS (IPO), Asana (Direct Listing), Bumble (IPO), and Signal Sciences (Acquired by Fastly).
LEC’s LP network consists of over 500 accomplished executives and entrepreneurs who have built, run, and invested in some of the world’s most successful companies. And Lead Edge’s LPs utilize their extended networks and deep knowledge bases to assist portfolio companies throughout the investment lifecycle. The Limited Partners come from companies including Charles Schwab, Capital One, Disney, NetSuite, Colgate-Palmolive, eBay, Microsoft, Xerox, Unilever, Google, Cisco, Saks, Autodesk, Intuit, ESPN, and many more.
KEY QUOTES:
“With the help of our dedicated LP base, we’ve taken an innovative, hands-on approach to support founders and differentiate ourselves. Fund VI will be an extension of this strategy, continuing to drive results for portfolio companies and build a network of global leaders to serve the next generation of software, internet, and consumer service businesses.”
— Mitchell Green, Founder and Managing Partner of Lead Edge Capital
“Not only is the Lead Edge Capital team well-connected, but they’re also ready and willing to roll up their sleeves and do whatever they can to help their portfolio companies. I had the opportunity to work with the team starting in 2015 as a founder – fast-forward to 2022, I’m looking forward to working alongside the team as an LP and providing their portfolio companies the same level of guidance that we benefited from at Duo.”
— Dug Song, former CEO of Duo Security
